Ship CoProduces Storage Crates That Require 1

question 148

Multiple Choice

Ship Co.produces storage crates that require 1.2 meters of material at $.85 per meter and 0.1 direct labor hours at $15.00 per hour.Overhead is applied at the rate of $9 per direct labor hour.What is the total standard cost for one unit of product that would appear on a standard cost card?

• A)$25.02.
• B)$11.52.
• C)$2.40.
• D)$2.52.
• E)$3.42.

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Definitions:

Metallic Mineral

Minerals from which metal can be extracted, typically characterized by a shiny, metallic luster and conductivity of heat and electricity.

Zinc

A metallic element required in small amounts by most living organisms for enzyme function, DNA synthesis, and immune response.

Canada

A country in North America known for its vast landscapes, multicultural cities, and as a leader in environmental conservation.

Low-Grade Ores

Ores that contain a relatively low concentration of the desired metal, requiring more extensive and often more expensive processing to extract the metal.